Real Estate Listed Company Under The New Normal Analysis Of Financial Crisis Early Warning

In 2014,China entered a new economic normal,opened a heavy,heavy development rather than quantity.The effect of the new economic norm generated will be reflected in the real estate financial indicators of listed companies,and these indicators will inevitably impact on the real estate listed companies,so the new norm of China's real estate listed company's financial crisis early warning analysis is the primary research topics of this paper.In this paper,we start with the finance of real estate company,elaborated series of fundamental basis of real estate industry financial warning,in order to set a judgement standard to the following research.Then we analyze the operating condition,profitability,financial stability,shareholders' benefit and market value management,based on the research of scholars domestic and international about real estate industry financial warning,and the circumstance of real estate industry in new normal economy.We picked 49 normal listed companies and 5 ST companies,recognize their real estate financial risk through finance factors and constructed a Z3 value model.With this Z3 value model we analyze the real estate companies' data from 2012 to 2016(take two year before and two years after the initiate of new normal economy)to conduct financial risk warning research.The result shows that Z3 value model can be applied for listed real estate companies in China,after the concept of new normal economy presented officially in 2014,the real estate industry in China was in self-regulating,Its financial situation has improved after the new normal.Finally,the paper puts forward the corresponding countermeasures to the financial crisis of the real estate listed companies.This paper starts from the comparative analysis of the financial crisis situation of the real estate listed companies before and after the new normal,from the perspective of financial crisis,the influence of the new normal policy on the real estate listed companies,will help to provide beneficial decision-making reference for the sustainable development of the listed real estate companies in China.